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Gold prices climbed toward record highs Monday. Tensions between Israel and Iran drove investors to safe havens. Prices rose 0.6% in early Asian trading, hitting over $3,450/oz. That's just $50 shy of April's all-time peak. Geopolitical risks added fuel to the rally. Trump's aggressive tariffs also threatened global growth, boosting gold. Central banks diversifying from the dollar pushed prices up over 30% since 2025.
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